ABM Industries, Inc. (NYSE:ABM) Director Linda Chavez sold 2,103 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $38.89, for a total value of $81,785.67. Following the completion of the sale, the director now directly owns 16,557 shares in the company, valued at approximately $643,901.73. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ABM Industries, Inc. (NYSE ABM) opened at $38.87 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.63. ABM Industries, Inc. has a 52-week low of $36.61 and a 52-week high of $45.12. The stock has a market capitalization of $2,546.54, a price-to-earnings ratio of 555.37 and a beta of 0.81.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, December 13th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.12). ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities research analysts expect that ABM Industries, Inc. will post 1.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, January 4th will be given a $0.175 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.70 annualized dividend and a yield of 1.80%. ABM Industries’s payout ratio is presently 1,000.14%.

ABM has been the topic of several recent analyst reports. Zacks Investment Research lowered ABM Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. TheStreet downgraded ABM Industries from a “b” rating to a “c+” rating in a research report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in ABM Industries by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,506,110 shares of the business services provider’s stock valued at $228,614,000 after purchasing an additional 244,626 shares during the last quarter. Lee Thomas H Partners LP bought a new position in ABM Industries in the 3rd quarter valued at $188,691,000. Dimensional Fund Advisors LP raised its position in ABM Industries by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,380,054 shares of the business services provider’s stock valued at $99,272,000 after purchasing an additional 10,556 shares during the last quarter. Northern Trust Corp raised its position in shares of ABM Industries by 3.6% during the second quarter. Northern Trust Corp now owns 1,637,601 shares of the business services provider’s stock worth $67,993,000 after acquiring an additional 57,497 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in shares of ABM Industries by 4.8% during the third quarter. Channing Capital Management LLC now owns 1,463,858 shares of the business services provider’s stock worth $61,058,000 after acquiring an additional 66,957 shares during the last quarter. Hedge funds and other institutional investors own 94.09% of the company’s stock.

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ABM Industries Company Profile

ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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